Finance
Russian billionaire Potanin acquires minority stake in cloud provider Selectel
Published by Global Banking & Finance Review®
Posted on December 29, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 29, 2025
1 min readLast updated: January 20, 2026
Vladimir Potanin acquires a 25% stake in Selectel, valued at 16 billion roubles, expanding his tech investments. Selectel's revenue grew 42% in 2025.
MOSCOW, Dec 29 (Reuters) - Russian billionaire Vladimir Potanin has acquired a 25% stake in a top IT infrastructure provider through companies he controls, one of the firms, T-Technologies, said on Monday.
Catalytic People, a joint venture between Potanin's holding company Interros and T-Technologies, the owner of online lender T-Bank, has purchased a 25% stake in Selectel, valued at some 16 billion roubles ($206 million).
Potanin, CEO of Russian metals company Nornickel and its largest shareholder, has expanded his investments in the technology sector, acquiring a 9.95% stake in internet giant Yandex, often dubbed "Russia's Google", earlier this year.
Selectel's revenue for the first nine months of 2025 grew by 42% year-on-year to 13.5 billion roubles, T-Technologies said.
($1 = 77.4000 roubles)
(Reporting by Reuters; Writing by Lucy Papachristou; editing by Guy Faulconbridge)
A minority stake refers to owning less than 50% of a company's shares, which does not provide control over company decisions but can influence operations through shareholder rights.
Cloud computing is the delivery of computing services over the internet, allowing users to access and store data and applications on remote servers instead of local machines.
An IT infrastructure provider offers the necessary hardware, software, and services to support the IT needs of businesses, including data storage, networking, and cloud services.
A joint venture is a business arrangement where two or more parties collaborate to undertake a specific project or business activity, sharing profits, losses, and control.
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